This group of women sells miscellaneous articles such as clothing, vegetables, plastic items, shoes, and so on. To increase the size of their businesses, the group’s members decide to join the Soro Yiriwaso loan program, and this is their tenth group loan.
Awa, pictured seated with her child in her lap, is a member of the Yeredon group. She plans to use her loan to buy wholesale plastic items (tubs, buckets, soap dishes and coolers), which she will sell on a retail, cash and credit basis from her home and at the market. Her customers are both male and female, and she gets her plastic items from the Grand Market of Koutiala.
While the other group members hope to make an average monthly profit of 174,000 francs CFA each during this loan cycle, Awa hopes to make 180,000 francs CFA. In addition to repaying their loans, they will use part of their income to cover their personal expenses and increase their working capital.
Ce groupe de femmes fait le commerce d’articles divers tels des habits, des légumes, des plastiques, de chaussures, etc.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur dixième prêt de groupe. Awa est un membre du groupe Yeredon elle est assise avec son enfant sur les jambes.
Elle compte utiliser son prêt pour acheter, des articles en plastiques : baignoires, seaux, savonnières et glacières, en gros et les revendre en détail, au comptant et à crédit à la maison et au marché à une clientèle composée d’hommes et de femmes. Elle se procure de ses plastiques au grand marché de Koutiala.
Tandis que les autres membres du groupe comptent réaliser un bénéfice mensuel moyen de 174 000CFA chacune au cours de ce cycle Mme Awa compte réaliser 180 000FCFA.
En plus du remboursement du prêt, elle utilise une partie du revenu pour faire face aux dépenses personnelles et augmenter son fonds de commerce.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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